What makes MiRewards so different?
We don’t make you jump through hoops to earn rewards, and we certainly don’t expect you not to claim when you need to.
What do we expect then?
At MiWay we value loyalty, therefore you earn rewards for simply being loyal*!
Essentially we refund you a portion of all the premiums you have paid in a specific period.
In a nutshell:
MiWay guarantees that after being a loyal* client for at least 3 years we will pay you back no less than one full month’s average paid premium.
1 reward = R1
That’s right! We reward you in cash.
How do I earn rewards?
- By simply being loyal* and placing more of your insurance with us
- By interacting with us regularly and in ways that make your life easier, such as managing your insurance online
Earning rewards is completely within your control – no longer do you have to rely on not claiming to get something back from your insurance company.
*Refer to terms and conditions
The core of the MiRewards program is the loyalty rewards we pay you
Loyalty rewards are automatically accumulated year after year based on your average paid monthly premium and your earning level. The longer you stay insured with MiWay and the bigger your premium, the bigger your loyalty rewards payout.
When you pay at least 11 of your 12 premiums each year, your loyalty rewards will accumulate for that year and you will automatically move up to the next earning level.
The earning levels applied to the average paid monthly premium in a year are:
Simply pay all your premiums and you are guaranteed to increase your earning percentage year after year!
When you reach level 7 we will refund you, at the end of the year, one full month’s average paid premium each and every year thereafter. That means you will effectively only pay 11 months of premium each year!
But that’s not all! There are also transactional rewards up for grabs
At MiWay we value you doing things your way and we reward you for it. An added benefit of the MiRewards program is the transactional rewards you can accumulate over and above your loyalty rewards. These can be accumulated by doing the following:
- Spreading the news about your great MiWay experience and premiums. For each person you refer, who completes a quote with us – 80 rewards. After your third anniversary this is paid to you at your next collection or within 30 days, whichever is the later
- Registering to use MiXpress, our online self-help tool – 25 rewards once-off
- Updating your details online using MiXpress – 10 rewards
- Opting for e-mail communication as opposed to snail-mail – 30 rewards once-off
- Purchasing each of the following products for the first time online:
How can I spend my rewards?
MiWay rewards you in cash. Once you reach your third anniversary, we’ll automatically pay your rewards into your bank account. Going forward you will be paid after each anniversary. How you spend your cash rewards is entirely up to you.
Click here to view the MiRewards brochure.
MiRewards Terms and Conditions
Within the context of the MiRewards program, MiWay defines a “loyal client” as a client that:
- pays 11 out of 12 premiums in an annual cycle,
- stays insured with MiWay for a minimum of 36 months, and
- has an acceptable claims profile and is therefore a good risk client.
